Credit interest rate on saving accounts every quarter: RBI to banks
Reserve Bank has asked banks to pay interest on savings banks account on quarterly basis or shorter duration, a move which will benefit crores of savings account holders.
Almost 40 per cent of people who have obtained Aadhaar numbers say that it has not helped them, with banking correspondents in rural areas reporting that accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) using Aadhaar face authentication issues, leading to failed transactions, according to a report.